Campbell Soup(US:CPB)2025-06-02 11:35Financial Performance - Q3 FY25 net sales increased by 4% year-over-year to $2475 million[56], while organic net sales increased by 1%[18] - Adjusted EBIT increased by 2% year-over-year to $362 million[56], but adjusted EPS decreased by 3% to $0.73[56] - The Sovos Brands acquisition contributed positively to adjusted EPS[55, 71] - The company reaffirms FY25 guidance, with adjusted EPS expected to be at the low end of the range, and tariffs are expected to be an incremental $0.03 to $0.05 per share headwind[17, 88] Segment Performance - Meals & Beverages organic net sales increased by 6% in Q3 FY25[23], driven by strength in unmeasured channels and shipment timing[23] - Snacks organic net sales decreased by 5% in Q3 FY25[42], facing continued competitive pressure[42] - Leadership Brands represented approximately 90% of total Q3 FY25 net sales[19] Category & Brand Performance - Meals & Beverages dollar consumption increased by 2%[20] - Snacks dollar consumption decreased by 3%[20] - Campbell's cooking condensed soup experienced the highest Q3 volume growth in 4 years[30] - Rao's sauce has significant long-term upside in both distribution and brand awareness[37]